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Cars (CARS) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

CARS Stock Forecast

Cars (CARS) stock forecast, based on 4 Wall Street analysts, predicts a 12-month average price target of $23.00, with a high of $23.00 and a low of $23.00. This represents a 21.95% increase from the last price of $18.86.

$16 $17 $18 $19 $20 $21 $22 $23 High: $23 Avg: $23 Low: $23 Last Closed Price: $18.86

CARS Stock Rating

Cars stock's rating consensus is Buy, based on 4 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 4 Buy (100.00%), 0 Hold (0.00%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 4 0 4 Strong Sell Sell Hold Buy Strong Buy

CARS Forecast vs Benchmarks

TypeNameUpside
StockCars21.95%
SectorConsumer Cyclical Stocks 4.57%
IndustryCar Dealership Stocks-3.70%

Price Target Trends

1M3M12M
# Anlaysts--1
Avg Price Target--$23.00
Last Closing Price$18.86$18.86$18.86
Upside/Downside--21.95%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 251321-7
Dec, 241321-7
Nov, 241321-7
Oct, 242321-8
Sep, 242321-8
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 08, 2024Marvin FongBTIG$23.00$16.7936.99%21.95%
Sep 21, 2022Gary PrestopinoBarrington$25.00$11.63114.96%32.56%
Jun 21, 2022BTIG$16.00$9.2173.72%-15.16%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Aug 09, 2024UBSBuyBuyhold
Aug 09, 2024B. RileyBuyBuyhold
Aug 08, 2024BTIGBuyBuyhold
Feb 24, 2023Craig-HallumBuyBuyhold
Jun 21, 2022BTIGBuyBuyhold

Financial Forecast

EPS Forecast

$-15 $-11 $-7 $-3 $1 $5 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-12.15$0.11$0.25$1.77-----
Avg Forecast$-12.17$1.76$1.76$2.66$1.78$2.33$2.40$1.50$1.71
High Forecast$-12.33$1.75$1.74$2.56$1.76$2.31$1.96$1.49$1.69
Low Forecast$-12.07$1.79$1.77$2.75$1.80$2.36$3.60$1.52$1.73
Surprise %-0.16%-93.75%-85.80%-33.46%-----

Revenue Forecast

$500M $580M $660M $740M $820M $900M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$547.50M$623.68M$653.88M$689.18M-----
Avg Forecast$541.23M$623.92M$651.94M$687.98M$722.66M$757.12M$798.26M$815.70M$845.30M
High Forecast$537.94M$620.12M$647.85M$687.42M$721.35M$753.27M$796.52M$809.63M$839.01M
Low Forecast$546.93M$630.49M$656.83M$688.73M$724.39M$762.21M$800.00M$823.42M$853.30M
Surprise %1.16%-0.04%0.30%0.18%-----

Net Income Forecast

$-1B $-700M $-400M $-100M $200M $500M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-817.12M$7.72M$17.21M$118.44M-----
Avg Forecast$-573.43M$120.31M$6.37M$118.44M$121.35M$159.25M$189.69M$102.47M$116.67M
High Forecast$-692.79M$119.35M$1.27M$31.84M$120.02M$157.51M$133.77M$101.35M$115.54M
Low Forecast$-454.06M$121.95M$11.47M$205.05M$122.68M$161.00M$245.62M$103.60M$118.10M
Surprise %42.50%-93.58%170.07%------

CARS Forecast FAQ

Is Cars stock a buy?

Cars stock has a consensus rating of Buy, based on 4 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 4 Buy, 0 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Cars is a favorable investment for most analysts.

What is Cars's price target?

Cars's price target, set by 4 Wall Street analysts, averages $23 over the next 12 months. The price target range spans from $23 at the low end to $23 at the high end, suggesting a potential 21.95% change from the previous close price of $18.86.

How does Cars stock forecast compare to the average forecast of its sector, industry, and investment themes?

Cars stock forecast shows a 21.95% upside, outperforming the average forecast for the consumer cyclical stocks sector (4.57%) and outperforming the car dealership stocks industry (-3.70%).

What is the breakdown of analyst ratings for Cars over the past three months?

  • January 2025: 14.29% Strong Buy, 42.86% Buy, 28.57% Hold, 14.29% Sell, 0% Strong Sell.
  • December 2024: 14.29% Strong Buy, 42.86% Buy, 28.57% Hold, 14.29% Sell, 0% Strong Sell.
  • November 2024: 14.29% Strong Buy, 42.86% Buy, 28.57% Hold, 14.29% Sell, 0% Strong Sell.

What is Cars’s EPS forecast?

Cars's average annual EPS forecast for its fiscal year ending in December is 1.78 for 2024, a 0.56% increase from the reported $1.77 in 2023. The prediction for 2025 is $2.33, $2.4 for 2026, $1.5 for 2027, and $1.71 for 2028.

What is Cars’s revenue forecast?

Cars's average annual revenue forecast for its fiscal year ending in December is $722.66M for 2024, a 4.86% increase from the reported $689.18M in 2023. The forecast for 2025 is $757.12M, $798.26M for 2026, $815.7M for 2027, and $845.3M for 2028.

What is Cars’s net income forecast?

For its fiscal year ending in December, Cars's average annual net income forecast is $121.35M for 2024, reflecting an 2.45% increase from the reported $118.44M in 2023. The projection for 2025 is $159.25M, $189.69M for 2026, $102.47M for 2027, and $116.67M for 2028.